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September 01, 2020 10:18am
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Wednesday Worries: Durable Goods, Investor Confidence and Business Uncertainty

Durable goods are down 0.1%. That's down from up 0.8% last month.  Notice we haven't had big numbers since last Summer and that's only because they measure against the previous months and last Sping was a complete disaster.   Durable Goods is a volatile measure and, ex-transportation, we are up 0.7%, so it's not terrible – just disappointing.    Later we get the Investor Confidence Report, which you would imagine must be high with the S&P around 4,500.  We also have the Business Uncertainty Report coming up and, if Business Optimism is any indicator – it's not going to be good as we took a very ugly turn in the recent report: Businesses are, of course, worried about being shut down again due to Covid and people are worried about catching Covid from their maskless customers.  Imagine being a waiter or a teacher or any of those jobs where you are surrounded by people all day long – yikes!       IN PROGRESS    

Durable goods are down 0.1%.

That's down from up 0.8% last month.  Notice we haven't had big numbers since last Summer and that's only because they measure against the previous months and last Sping was a complete disaster.   Durable Goods is a volatile measure and, ex-transportation, we are up 0.7%, so it's not terrible – just disappointing.  

Later we get the Investor Confidence Report, which you would imagine must be high with the S&P around 4,500.  We also have the Business Uncertainty Report coming up and, if Business Optimism is any indicator – it's not going to be good as we took a very ugly turn in the recent report:

United States: NFIB Small Business Survey : Moody's Analytics Economic View

Businesses are, of course, worried about being shut down again due to Covid and people are worried about catching Covid from their maskless customers.  Imagine being a waiter or a teacher or any of those jobs where you are surrounded by people all day long – yikes!  

 

 

IN PROGRESS

 

 

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